Petrobras, Repsol YPF make large oil discovery in Brazil's Santos basin

摘要

Brazil's state-run Petroleos Brasileiro SA and partner Repsol YPF SA filed a declaration of commercial viability with the country's Agencia Nacional do Petroleo (ANP) for a light oil and gas discovery made on Block BM-S-7 in the Santos basin. The declaration of commercial viability is the outcome of intense exploratory activity carried out on this block, the partners said, adding, with the new field, it will be possible to increase the potential for light oil and gas production in shallow waters.